Financial Daily from THE HINDU group of publications
Thursday, Mar 31, 2005
Financial Daily from THE HINDU group of publications Thursday, Mar 31, 2005 |
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Markets
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Mutual Funds Canbank MF declares dividend for 2 schemes Our Bureau
Mangalore , March 30 CANBANK Mutual Fund has announced dividends in two of its schemes — CanBalance and Cancigo. A Canbank Mutual Fund release said here on Wednesday that 10 per cent income distribution has been announced in CanBalance scheme under the income plan. Canpremium was renamed as CanBalance after merging Cantriple and Canganga schemes with Canpremium on February 15. On March 28, the NAV of CanBalance was Rs 15.10 (Income Plan). The mutual fund has announced 4 per cent income distribution for Cancigo scheme under the income plan. The release said that this is the second dividend during the year, and the aggregate dividend during the year stood at 7 per cent. On March 28, the NAV of the scheme was Rs 10.59 (Income Plan). The release said that April 15 has been fixed as the record date for income distribution of both the schemes.
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